Financial results, 9 months 2016

Consolidated net sales of the 9M of 2016 were 13.6 mil. Great britain currency news euros, representing an 6,4% decrease compared to the same period in 2015 (14.6 mil. What currency is used in great britain euros in 9M 2015). Currency of england pound Consolidated EBITDA amounted to 207 thousand euros (EBITDA 811 thousand euros in 9M 2015). Currency britain Reducing the stock volumes of own produced goods negatively influenced the EBITDA of 9M 2016 through changes in inventories in the amount of 576 thousand euros (In 9M 2015 the increase in stock had a positive effect to EBITDA in the amount of 354 thousand euros).

The turnover of Skano Fibreboard OÜ for 9M 2016 was 9.1 mil. Currency gbp pln euros (9M 2015 9.5 mil. Great britain currency rate euros), out of which Pärnu factory (including Isotex) sales was 5.3 mi. Great britain currency converter euros (9M 2015 5.5 mil. Currency gbp usd euros) and Püssi factory sales was 3.8 mil. What is the official currency of great britain euros (9M 2015 4.0 mil. Currency great britain pound euros). What currency does england use 2012 The operating loss of 9M 2016 was 104 (9M 2015 operating profit 315 thousand euros). What does england use as currency The operating profit from Pärnu factory was 55 thousand euros (9M 2015 423 thousand euros) and Püssi factory has made an operating loss in the amount of 159 thousand euros (9M 2015 operating loss 108 thousand euros).

Sales mainly decreased in our core markets. What is the currency in britain As our main foreign markets Russia and Finland are still very weak due to the general economic situation we have been continuously expanding the list of our target markets and made significant efforts in product development.

Sales of Suomen Tuulielijona OY in 9M 2016 decreased 13% compared to last year, which amounted to 3.7 mil. Currency in liverpool england euros (4.3 mil euros in 9M 2015). What currency does england use now Suomen Tuulileijona OY is the wholesaler of Skano fibreboard products in Finland.

The turnover of Skano Furniture Factory OÜ decreased in 9M 2016 by 12.2% and amounted to 3.2 mil. Currency for great britain euros (9M 2015 3.6 mil. Great britain military currency euros). Currency converter great britain pound The operating loss in 9M 2016 was 325 thousand euros and in 9M 2015 the operating loss was 235 thousand euros. What currency does great britain use The operating loss was affected by lower sales and decrease of inventory through changes in inventory of finished goods. What is the currency of great britain called In 9M 2016 sales to Finland decreased by 14.7% due to very weak demand as compared to the same period in 2015. What is the currency in great britain In addition to seeking new sales possibilities in the current markets the company has made considerable effort to enter into new markets and to lower the production costs.

The priority of the management of the company is continuously to ensure the sales quantity of the produced goods from both factories in order to maximize production efficiency and efforts are taken in this direction on an on-going basis.


The turnover of Skano Furniture OÜ retail chain decreased 14.8% as compared to the same period last year and amounted to 1.6 mil. Official currency of great britain euros (9M 2015 1.9 mil. Best uk currency rates euros). What is great britain’s currency Retail sales decreased in all markets. Great britain currency coins The sales of Skano Furniture Factory OÜ own furniture still forms a considerable part of the retail sales.

Consolidated net sales in 9M 2016 was 13.6 mil. What currency does london england use euros (14.6 mil. Great britain currency euro euros in same period of 2015) representing an 6.4% decrease compared to 9M 2015. United kingdom of great britain and northern ireland currency Consolidated operating loss amounted to 423 thousand euros (operating profit 183 thousand euros in same period 2015). Currency of great britain pound The consolidated operating margin was -3.1% (1.3% in 9M 2015).

Consolidated net loss for 9M 2016 amounted to 667 thousand euros (compared to net loss 46 thousand euros in 9M 2015), and the net margin was -4.9% (-0.3% in H1 2015).

As of 30.09.2016 the total assets of Skano Group AS amounted to 13.1 mil. Currency used in great britain euros (30.09.2015: 14.3 mil. What is currency of britain euros). Britain currency rate in india The liabilities of the company accounted for 67.4% (30.09.2015: 63.8%) thereof, i.e. Currency rate of england pound 8.8 mil. What currency does great britain use now euros (30.06.2015: 9.1 mil. Currency in britain euros).

Receivables and prepayments amounted 1.8 mil. Currency in great britain and europe euros what is 0.1 mil. Currency gbp graph euros more than in 9M 2015 (30.06.2015: 1.7 mil. Decimal currency in britain euros). Great britain pound currency Inventories have decreased for the amount of 0.6 mil euros with 12 months, amounting to 2.8 mil. Currency in england converter euros on 30.09.2016. Currency of britain (30.09.2015: 3.4 mil. Great britain currency denominations euros). What currency does england use Property, plant and intangibles amounted to 8.2 mil. Great britain currency code euros as of 30.09.2016 (8,5 mil. Great britain money currency euros as of 30.09.2015).

Short-term loans have decreased by 0.3 mil. Currency exchange great britain euros and amounted to 1.6 mil. Currency gbp chf euros in 30.09.2016 which was a result of usage of bank overdraft and factoring and restructuring of the loan between short- and long-term payment schedule (30.09.2015: 1.9 mil. What currency does britain use euros). Currency in great britain Supplier payables, tax liabilities, other payables, including payables to employees, and provisions amounted to 2.7 mil. Great britain currency to usd euros (30.09.2015: 2.9 mil. Currency system introduced in britain in 1971 euros).

Long-term loans have increased by 0.15 mil euros and amounted to 4.2 mil. Currency of great britain euros in 30.09.2016 (31.09.2015: 4.0 mil. What is the currency of great britain euros). Great britain currency symbol The increase was caused by restructuring of the loan between short- and long-term payment schedule.

Regarding the markets. What currency does uk use turnover has increased in Great Britain and in new market Portugal. Currency of london england The decrease in turnover was mainly because of lower sales in Russia and Finland.

The net sales of Skano Fibreboard in 9M 2016 amounted to 9.6 mil. Currency of england in pakistan euros and operating loss to 7 thousand euros. What currency is used in britain In the same period 2015. Currency for britain the turnover of Skano Fibreboard totalled to 9.9 mil. What is the currency of britain euros and the operating profit from main activities 364 thousand euros.

The decrease in sales in 9M 2016 compare to last year was mainly because of decrease of sales in Finland and Russia. What currency does england use 2013 what was 58.0% from total sales in 9M 2015 and has decreased to 52.8% in 9M 2016. The currency of britain Sales increased most in Great Britain and Portugal.

The net sales of the Pärnu fibreboard factory together with interior boards factory in 9M 2016 was 5.3 mil. Great britain currency name euros, what is 3.8 % less that in 9M 2015 amounted in 5.5 mil. Currency used in britain euros.

The turnover of Püssi fibreboard factory in 9M 2016 amounted to 3.8 mil. What does england use for currency euros decreasing 5.0% compared to the same period in 2015 (turnover 4.0 mil. Great britain currency exchange rate euros in 9M 2015).

The net sales of the Skano Furniture Factory in 9M 2016 amounted to 3.2 mil. Best uk currency exchange euros and operating loss to 325 thousand euros. The currency of great britain In the same period last year, the turnover of the factory amounted to 3.6 mil. Currency gbp vs euro euros and the operating loss to 235 thousand euros. Great britain currency to us dollar The sales decrease was mainly due to sales decrease in Finland. Currency rate of great britain pound The operating loss was affected by decrease in inventories through changes in finished goods inventories.

Skano Group AS retail business is operated by a private limited daughter company Skano Furniture OÜ and its subsidiaries in Latvia, Lithuania and Ukraine. Currency great britain As of 30.09.2016 Skano has totally 10 stores in Tallinn (3), Tartu, Pärnu, Riga, Vilnius, Kiev (2) and Kharkiv. What currency does the uk use In October 2016 the shop in Tallinn Rocca al Mare was closed and the shop in Pärnu Road was enlarged. Currency in london england Also one shop in Kiev was closed in October 2016.

Retail sale amounted to 1.6 mil. Great britain currency euros in 9M 2016 and operating loss 180 thousand euros (sales 1.9 mil. Great britain currency news euros and operating loss 154 thousand euros in 9M 2015). What currency is used in great britain Operating loss contains also a loss from a drop of currency exchange rate of hryvnia in the amount of 77 thousand euros (in 9M 2015: exchange rate loss 187 thousand euros).

SKANO FIBREBOARD. Currency of england pound Skano Fibreboard sales in 4Q 2016 will be similar compared to sales of the same period last year. Currency britain Sales in our core markets are lower due to weak demand which we expect to compensate with sales in new markets. Currency gbp pln On the other hand we see already better results in efficiency even with lower production volumes compared to last year as a result of the recent production improvement plan. Great britain currency rate Also the cost control gives better results.

SKANO FURNITURE FACTORY. Great britain currency converter In 4Q 2016 the sales of the furniture factory will show a small decrease compare to 4Q 2015. Currency gbp usd The management is concentrating on cost savings what will give the positive start to the next year.